Stock Market
NY Times Editorial Accuses Bush of Being in ‘Denial’ about U.S. Ec
January 2nd, 2008 5:19 PM
The economy is about to dive off a cliff and it's all President George W. Bush's fault, according to The New York Times editorial board. A January 2 Times editorial was pretty pessimistic about the economy in 2008, mocking Bush and forecasting doom. "As 2008 begins, house prices are still skidding, bank losses are still mounting, oil is again flirting with $100 a barrel and consumers are…
BusinessWeek Recap: How Expert Forecasts Shaped Up in
December 28th, 2007 4:54 PM
Are you a little skeptical when an economist or a financial strategist appears in the MSM, warning for the worst? A look back at the Dec. 25, 2006, “Where to Invest” issue of BusinessWeek gave us a measuring stick to see how frequently cited “experts” shaped up in 2007 – including New York Times regular Ian Shepherdson, Moody’s Economy.com economist Mark Zandi and Standard & Poor’s Chief…
Investment Firm CEO: If We Have a Recession, Media Will Cause It
December 21st, 2007 10:21 AM
Since the stock and credit market turbulence began in July, NewsBusters has been informing readers that media continually predict recessions that never happen.On the sad flipside, bearishness in the press can become so pervasive that an economic downturn ends up being an unfortunate self-fulfilling prophecy.NewsBusters affiliate the Business and Media Institute made this very point in a late-…
BMI's Top 10 Economic Myths of
December 13th, 2007 4:06 PM
That's right folks, it's that time of year. There was plenty of economic bias in 2007 and the Business & Media Institute had a hard time whittling it down to just a top 10 list, but we did it.10. Airlines are solely to blame for the unfriendly skies.Media myth: Blame the airlines for all those flight delays; never mind the obsolete government-run agency creating the gridlock.9. Consumer…
Hillary's Babbling with Bartiromo Ignored by All Except Rush
December 12th, 2007 12:48 PM
Hillary Clinton's performance in her interview with Maria "Money Honey" Bartiromo of CNBC last week was so bad that she must have sent a double (stop shivering at the thought, will ya?). After all, the genuine Smartest Woman in the World couldn't possibly have said the things she said, as noted at Rush Limbaugh's site last Thursday. It got so bad that Bartiromo, who seemingly has barely cracked a…
Devoutly Desiring Depression
December 9th, 2007 7:28 AM
Steve Fraser might look mild-mannered, but when it comes to economic doomsaying, he is the Rocky Marciano of recession, the Tiger Woods of turndown, the David Beckham of depression.Speaking of bending one, Fraser's LA Times column of today, "Symptoms of an Economic Depression," twists U.S. economic data into a harbinger of impending doom. Fraser begins by falsely claiming that "no one wants to…
Huckabee: My Critics Get Rich 'At Expense of People Who Don't Know If
November 26th, 2007 7:38 AM
Was that Mike Huckabee on "Morning Joe" today -- or John Edwards? The former Arkansas governor found an odd way to refute charges he's not a true conservative, indulging in some class-warfare rhetoric that would have been the envy of the former North Carolina senator.Mika Brzezinski hit Huckabee with an excerpt from Bob Novak's column of today. Here are the opening paragraphs from Novak's False…
Disgraceful Gloom at AP: Mortgage Crisis Could Lead to Depression
November 24th, 2007 3:25 PM
*****Update at end of post includes detailed response to unhappy e-mail messages concerning this subject.As someone that has done a lot of economic writing and financial media analysis, I'm used to gloom and doom from journalists. However, Saturday's Associated Press article concerning the credit crunch and how it's impacting the mortgage market could be the worst example of economic and…
